Jurisdiction - power of AO to pass order after almost 11 years from the end of the year which is beyond the period of limitation - imposition of the additional tax @ 10% for non-submission of Form 'C' for CST sales - When a statute mandates re-assessment to be done, within five years, it cannot be contended that assessment can be done at any time - HC

VAT and Sales Tax - Jurisdiction - power of AO to pass order after almost 11 years from the end of the year which is beyond the period of limitation - imposition of the additional tax @ 10% for non-submission of Form C for CST sales - When a statute mandates re-assessment to be done, within five years, it cannot be contended that assessment can be done at any time - HC - TMI Updates - Highlights .....